SWFI First Read, June 23, 2016
AIMCo Invests in Scotia Plaza
Real estate investment trust Dream Office REIT and H&R REIT have agreed to sell a 50% ownership stake in the 68-storey tower Scotia Plaza to Alberta Investment Management Corporation (AIMCo) and KingSett Capital, a Canadian real estate private equity firm. KingSett is making the investment through its KingSett Canadian Real Estate Income Fund LP. H&R REIT is selling a 33.3% stake in tower, while Dream Office REIT is selling a 16.67% stake. Dream Office REIT will maintain a 50% interest in Scotia Plaza. Scotia Plaza is located in Toronto at 100 Yonge Street.
Jack Mahler Exits OMERS
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